Smart Money Page 7

  • Teaching Your Children Good Financial Habits

    Teaching Your Children Good Financial Habits

    Evidence shows that as little as one-third of America’s youth possess a basic knowledge of financial terms and concepts. This lack of monetary skills is likely to follow through into adulthood, when it will truly become an issue in the real world. Anything from purchasing a car to saving for retirement can be made tremendously difficult without a basic knowledge of interest, bank accounts, investing and other relat…

  • Your 3-Step Plan to Finding Errors in Your Credit Report

    Your 3-Step Plan to Finding Errors in Your Credit Report

    You might be surprised to know that errors in a credit report can and do happen. In fact, a recent study suggested that as many as 1 in 4 people found a discrepancy in their own file, and it isn't just spelling errors that might be causing damage. Certain kinds of omitted information can be harmful as well, triggering a drop in your credit score and a limited access to future credit. How can you determine if you…

  • 4 Crucial Takeaways From The Cyprus Banking Disaster

    4 Crucial Takeaways From The Cyprus Banking Disaster

    Nobody lives a mistake-free life. Imagine how boring that would be. A life with no mistakes, no lessons learned and no maturation sounds unfulfilling. At the same time, humans try to avoid disastrous mistakes. Learning to handle your money will undoubtedly cause mistakes. Just ask Cyprus. Last week the island country’s two major banks sought a $13 million bailout. It’s really not much compared to the $650 m…

  • Quick Tips for Avoiding Last-Minute Tax Scams

    Quick Tips for Avoiding Last-Minute Tax Scams

    With tax season coming to an end, the stragglers waiting until the last minute are rushing to file on time. The IRS estimates around 25 percent of Americans waited until the last two weeks to file. If you’re one of the last-minute filers, be sure that the rush and deadlines don’t make you an easy target for scams. Dirty Dozen Every year the IRS releases a list of the top 12 tax scams to look out for. On…

  • Partner Up For Passive Income

    Partner Up For Passive Income

    Passive income sounds like a sweet deal. You set something up, then you sit back and let the money roll in. You can be an author and collect royalties. You can invest and make money off of interest. You can set up an ad campaign on your blog and earn income every time someone clicks on one of the ads. You can be a landlord and rent out property, and this is one of the more popular passive income options. These are…

  • Can the Caviar: 5 Signs You're Living Beyond Your Means

    Can the Caviar: 5 Signs You’re Living Beyond Your Means

    Have you checked your finances lately? Are you financially fit? If you feel like money is going out at a faster rate than you can bring it in, you may be living beyond your means. Here are five tell-tale signs that could spell trouble for your financial health. Your savings won’t cover at least six months of expenses An emergency fund is money tucked aside for an unexpected, costly event such as a medical eme…

  • Recent Increases to 2013 COLA

    Recent Increases to 2013 COLA

    Not all veterans, survivors and military retiree receive the 2013 cost of living adjustment (COLA). Although the COLA went into effect in December 2012, only certain federal retirees get the 1.7 percent increase. The increase for 2012 retirees is not necessarily 1.7 percent. Service members who left the Armed Forces between April 1, 2012 and Sept. 30, 2012 earn a partial COLA increase based on the calendar quarter…

  • The Maker’s Mark Lesson: Do Your Budget Right

    The Maker’s Mark Lesson: Do Your Budget Right

    If you’re going to take the time to do something, you should do it right. For example, take a look at the recent debacle concerning Maker’s Mark. In order to meet increased demand, the company proposed the idea of watering down its whiskey. Now, if you drink whiskey, you might find such an idea to be quite offensive, and you wouldn't be alone. A large number of Maker’s Mark fans protested this solution, event…

  • Beware of Bieber: Debit Cards for Children Can Spell Trouble

    Beware of Bieber: Debit Cards for Children Can Spell Trouble

    When it comes to paying your children, you’ll consider allowances. But thanks to Justin Bieber and other celebrities, prepaid and credit cards are grabbing the attention of children nationwide. Bieber, Hello Kitty and even Elvis Presley have cards with their likeness on them. That means you’ll have to figure out if there’s a suitable plastic option for your child, whether they’re 15 or 7 years old. Childre…

  • Your 3-Step Plan To Reclaiming a Rogue W-2

    Your 3-Step Plan To Reclaiming a Rogue W-2

    “When will I get my refund?” “How much will I get?” These are the two most common questions people ask when tax season comes around, both of which depend on Form W-2, Wage and Tax Statement. Before you file this year’s tax return, you should have received a W-2 from each of your employers. Per IRS guidelines, companies had until January 31 to mail out the forms, but sometimes they are late, or misplac…